TheDude6622
Legend
Silver Level
It takes a long time to build your patience. Keep trying to be patient.
R
razakid
Rising Star
Bronze Level
I am still learning how to manage my bankroll and also how to control your money better - Another person on here has posted some details and a link to a article that explains how to manage it better - try searching for it as it was a good read and may offer some ideas.
buzzard925
Rising Star
Bronze Level
I've never had a large bankroll to lose... I tend to get into poker and then leave again in short bursts a few times a year. I'll deposit £20, win some and lose some then withdraw once it drops down to £12 and not play again. I'm terrible at handling beats.
Tmoney999
Rock Star
Silver Level
I have been playing poker online for about 10 years and have lost my bankroll plenty of times in that time period, as long as you cash out in times you are up and leave a bit of space to continue on you'll be fine. If i run my bankroll up to over 300 which I can do a lot of the time sometimes a lot slower than others(depending how i am running), my rule is to cash out at least 200 and leave a 100 to carry on playing. If i break the 100 playing to big like I do a lot of the time I am just glad to have the 200 usd on the way, which is roughly 265 Canadian and that's where I am from(amounts don't matter, its all on your bankroll size and what you can afford to play with to win or possibly lose). If you can cash out a little more than you bust out and reload it makes it worth the time and challenge, if not then it might be worth a shot at quitting the game. If you don't feel like quitting maybe take some lessons from a better successful player so your not at a constant loss and knows when to leave when hes up(cashout). Its easy to run the money up, its just what you do with it while your up that makes champions. Poker is variance, your up nicely at one point and down at the next point. I tend to play middle and high buy in games so I can win more when I play(I still try to use general BRM but it sometimes doesn't happen like that with me) as I tend to take a lot of shots at playing higher or slightly higher than my bankroll can manage at times. Always leave yourself a chance to take away some money when your up, even if its something like 25-50 dollars depending on how high you play. Cashout takes a little while but that money will always be on its way, if you leave a little to play with hopefully you can do it again and again over time. Good luck in your future endeavors and if you run up a fair amount at least cash some of it out so your not always at a loss but at a gain once and a while. Cheers
N
nameless1537
Rock Star
Silver Level
I guess I've been lucky, or too risk averse. I haven't lost my bankroll yet, but then again, I usually don't experience large swings in my account. That might soon change, as I'm trying to make some small changes to my style of play which will likely lead to more variance (I'm changing because I'm more or less flatlining -- neither winning nor losing...)
Best of luck though, OP.
Best of luck though, OP.
guineasqueak
Rock Star
Silver Level
I think you should restart with playing strictly freerolls if you bust your entire bankroll. Build a roll again the smart way, with no monetary investment (other than time) and look forward with optimism to the future.
zinzir
Legend
Silver Level
The bankroll size is important in figuring out the implications of its loss. For example, if I join a new poker site, not make a deposit but play freerolls until I win a dollar, take that dollar to the micro stakes table and get felted, technically it means I lost my entire bankroll. Very different case scenario than joining the same site, making a $200 deposit, and losing it at the same micro stakes tables. The first case scenario does not give me any hints about my play, the second does. Being a losing player is not a tragedy, it is the norm and not the exception in poker, but it needs to be looked at objectively and analyzed in detail, as it a serious problem. A key of dealing with prolonged losses is understanding one's true skill level. Too many players consider themselves "good", or "solid" despite being losing players. While variance does not forget anybody and even the very top players encounter losing streaks, the number one reason by far for being a losing player is inadequate experience and skill. Understanding and admitting to yourself (not an easy thing to do) that you are facing overall superior opponents is important, because your goal should shift now from maximizing gains to minimizing losses. You should play freerolls and the smallest micro stakes cash tables available, be patient and observant, accumulate experience and improve your skills cheaply. If you had a decent size bankroll and lost it twice, don't make the same mistake again blaming the notorious variance. I openly admit my recreational attitude towards poker and my limited experience and skill both to myself and others, and the sky is not falling down on me, some fellows might not take me seriously but that's nothing in comparison to the financial and psychological benefits of correct self assessment.
